Priority Income Fund Announces 11.14% Annualized Cash Distribution Rate Through Board Declarations of Increased Quarterly Cash “Bonus” Common Shareholder Distribution in Addition to Monthly Cash “Base” Common Shareholder Distributions

November 17, 2020

NEWYORK, November 17, 2020 /BusinessWire/ -- Priority Income Fund, Inc.("Priority Income Fund" or the "Fund") announced today that the Fund’s board of directors has declared additional steady monthly cash “base” common shareholder distributions as well as an increased quarterly cash “bonus” common shareholder distribution.

The annualized total cash distribution rate is 11.14% for distributions with record dates between December 4, 2020, and February 26, 2021, based on the current Class R offering price of $11.22 per common share.

The cash “base” distributions will have weekly record dates and will be payable monthly to common stockholders of record as of the close of business each week. These declared distributions equal a weekly cash amount of $0.02014 per share of common stock (representing $0.26182 per common share on a quarterly basis)as follows:

Monthly Cash “Base” Shareholder  Distribution                                 Record Dates                                            Payment Date                       Total Amount ($ per share)

December 2020                                                                       December 4, 11, 18, and 28, 2020                 December 29, 2020                            $0.08056

January 2021                                                                             January 4, 8, 15, 22, and 29, 2021                     February 1, 2021                                  $0.10070

February 2021                                                                          February 5, 12, 19, and 26, 2021                           March 1, 2021                                      $0.08056


These monthly cash “base” common shareholder distributions represent the 84th, 85th,and 86th consecutive such monthly “base” distributions paid by the Fund at a rate at least equal to this steady $0.02014 per share of common stock.

 The Fund's board of directors has increased the quarterly cash “bonus” distribution as follows:


Quarterly Cash “Bonus” Shareholder  Distribution                          Record Date                                         Payment Date                                     Amount ($ per share)

December 2020                                                                               December 28, 2020                            December 29, 2020                                $0.05000


This cash “bonus” distribution represents the 27th cash quarterly “bonus” common shareholder distribution that the Fund has declared.


The Fund has paid or declared cumulative cash distributions totaling $10.31 per common share since inception in January 2014 through February 2021.


About Priority Income Fund
Priority Income Fund, Inc. is a registered closed-end fund that was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations("CLOs"). Such loans will generally have a floating interest rate and include a first lien on the assets of the respective borrowers, which typically are private and public companies based in the United States. The Fund is managed by Priority Senior Secured Income Management, LLC, which is led by a team of investment professionals from the investment and operations team of Prospect Capital Management L.P.  For more information, visit

About Prospect Capital Management L.P.
Headquartered in New York City, Prospect is an SEC-registered investment adviser that, along with its predecessors and affiliates, has a more than 30-year history of investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of approximately 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect, together with its affiliates, has $5.9 billion of assets under management as of June 30,2020. For more information, call 212.448.0702 or

About Preferred Capital Securities, LLC

Preferred Capital Securities, LLC serves as the dealer manager for Priority Income Fund, Inc. and has been a member of FINRA/SIPC since 2015. Formed in 2013, PCS is a boutique investment banking firm that distributes real estate and credit investment products in private and public structures through broker dealers andr egistered investment advisors. The PCS has raised over $2.3 billion of capitals a wholesale distributor for various alternative investment strategies. For more information, visit

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Additional Information
Past performance is not indicative of future performance.
 Our distributions may exceed our earnings, and therefore, portions of the distributions that we make may be a return of the money that you originally invested and represent a return of capital to you for tax purposes. Such a return of capital is not immediately taxable, but reduces your tax basis in our shares, which may result in higher taxes for you even if your shares are sold at a price below your original investment.

Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. The prospectus and summary prospectus contains this and other information relevant to an investment in the fund. Please read the prospectus or summary prospectus carefully before you invest or send money. To obtain a prospectus, please contact your investment representative or Investor Services at 866.655.3650.

Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future performance of Priority Income Fund, Inc. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. Any such statements, other than statements of historical fact, are highly likely to be affected by unknowable future events and conditions, including elements of the future that are or are not under the control of Priority Income Fund, Inc. and that Priority Income Fund, Inc. mayor may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and Priority Income Fund, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


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